Trader Gege: Analysis of Bitcoin and Ethereum Market from 7.2 to 7.3. How to respond in the short term after the V reversal?

CN
18 hours ago

Sometimes, dreams and reality are at odds, and you lack the ability to control their direction or foresee their future; at such times, we need not struggle painfully, seeking up and down. What we need is to change our goals, start anew, and adopt a different perspective to view the ups and downs of life.

Hello everyone, I am trader Gege. Continuing from the last discussion, Bitcoin has once again shown a small V reversal pattern, with prices returning to previous levels. From the news perspective, Chuanma has once again started to tear into each other, and then Laoma quickly softened again, which is also reflected in the V reversal of the market, highlighting the gap between money and power. Perhaps the uncertainties of Trump's term will increase, and we still need to approach the market rationally and objectively.

From a technical perspective, the market's movement has not deviated too much from Gege's expectations, still fluctuating within the range, only slightly breaking the support. There was a previous estimate that before the non-farm payrolls, the market would not completely break the current structure. This week, the key market focus will be around tomorrow and the early hours of the day after.

Bitcoin's daily level has retraced to the MA60 for support and rebounded all the way. Currently, the bullish candle has recovered the losses of the previous two days. Although it is strong, the resistance area near the previous high can still be referenced until it breaks. The 4H level has retraced near the EMA200 for support and has shown consecutive bullish candles. The current structure does not require too much thought; if it returns to the previous area, then in the short term, we will continue to treat it according to the previous support and resistance, ensuring good risk control, as it is not possible to chase after the price in key resistance areas, where the risk outweighs the reward.

I focus on naked candlesticks and moving average systems, and sometimes I add some auxiliary indicators. Therefore, regarding the current market structure, there is not much to say for now. The same goes for Yitai; if it returns to the previous area, we will continue to treat it that way, and after a break, we will readjust. I also do not want to discuss the support and resistance prices after a break in the short-term market; we will talk about it after tomorrow's news is released.

Short-term Bitcoin: Short at 108500-109000, Long at 106500-106200, targeting 1500 USD.

Short-term Yitai: Short at 2480-2500, Long at 2400-2420, targeting 80-100 USD.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss space accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the cryptocurrency world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions on Bitcoin and Yitai, find Gege.

Written by/ I am trader Gege, a friend willing to accompany you in your resurgence.

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